FAQ

1. 1. What Services Does Benk Capital, LLC Offer?

We specialize in providing real estate investment funding and property acquisition services. Our offerings include:

1. 1. • Fix & Flip, Buy & Hold, Refinance, Commercial, New Construction, and Private Money Loans.
      • Proof of Funds Letters, Collateral DNA Reports, and Debt Stack Reports.
      • High-equity, off-market property leads—ensuring you’re not competing with other investors in your area.
   2. What Are the Benefits of Private Money Lending?

Private money lending offers key advantages such as:

1. 1. • Faster access to capital compared to traditional loans.
      • Flexible loan terms tailored to your investment needs.
      • No minimum credit score requirements.
      • Funding available for properties that may not meet conventional lending criteria.
   2. Is Benk Capital a Lender or a Broker? Are There Any Fees or Commissions?

We operate as both a direct lender and a broker. If we cannot provide the funding you need, we have an extensive network of lenders and can broker the funds to you.

1. 1. • Broker Fee: A standard 3% broker fee applies to all loan transactions.
      • 100% Financing Options: We offer joint venture opportunities to provide up to 100% financing, covering your purchase, rehab, and closing costs.
   2. How Is the Loan Amount Determined?

Loan amounts are based on the asset under contract. Typically, we fund:

1. 1. • Up to 90% of the purchase price.
      • 100% of the rehab costs.
      • Ask us how you can qualify for true 100% financing!
   2. Do You Offer 100% Financing?

Yes! Through joint venture partnerships, we can provide up to 100% financing, covering all costs, including purchase, rehab, and closing expenses.

1. 1. What Does True 100% Funding Mean?

When a joint venture is established between Benk Capital, LLC and the borrower, we fund up to 100% of the purchase, rehab, and closing costs, up to 70% of the After-Repair Value (ARV).

1. 1. How Long Does It Take to Close a Loan?
      • Once all required documentation is submitted, we can close in approximately 14 business days.
      • However, delays often occur due to missing documentation from investors. To ensure a smooth process, aim for a 30-day closing timeline whenever possible.
   2. What Is the FHA Cap?

The FHA Cap represents the maximum loan amount allowed in a specific county. Check the FHA Cap for your investment property’s location here: FHA Mortgage Limits (hud.gov).

1. 1. What Is ARV (After-Repair Value)?

ARV is the estimated market value of a property after renovations are completed. It helps determine loan amounts and investment potential.

1. 1. What Is Asset-Based Lending?

Asset-based lending focuses on the value of the property rather than the borrower’s credit score. While financial stability is considered, the primary factor is the property’s market potential.

1. 1. What Are Your Loan Terms?
      • Loan amounts range from $30,000 to the FHA Cap in the county where the property is located.
      • Interest rates start at 7%, with origination fees from 0-3% (based on credit score but does NOT determine approval).
      • Loan terms:
        • Fix & Flip: 6 months to 2 years.
        • Buy & Hold / Refinance: Up to 30 years.
      • One loan per applicant until a track record is established
   2. Is an Appraisal Required?

Yes, we require an appraisal before closing. Costs vary from $400 to $700, depending on the property’s location.

1. 1. Is a Licensed Contractor Bid Required?/span>

Yes, in most cases, we require an itemized bid from a licensed and insured contractor before processing the loan.

1. 1. Is My Information Kept Confidential?

Absolutely! We take privacy seriously, and all client information is kept 100% confidential. Benk Capital, LLC is committed to professionalism, integrity, and ensuring a seamless funding experience.

1. I Still Have Questions!

We’re here to help! Contact us today to discuss your real estate funding needs.

Let’s work together to fund your next investment deal!